Sounds extraordinary but apparently Russia has been siting on a source of diamonds since the 1970s that is claimed to be trillions of carats.

Russia is about to start tapping into a huge source of diamonds that could supply the world market for the next 3,000 years. Scientists estimate there are ‘trillions of carats’ lying beneath a 35million-year-old asteroid crater in Siberia – more than ten times the global stockpile.

The Kremlin has known about the reserves under the 62-mile-wide impact zone since the 1970s. But it has kept it a secret until now because it was already reaping big profits in what back then was a heavily controlled market.

The official news agency, ITAR-Tass, said the diamonds at the site, known as Popigai Astroblem, are ‘twice as hard’ as the usual gemstones, making them ideal for industrial and scientific uses.  According to The Christian Science Monitor, the institute’s director, Nikolai Pokhilenko, told the agency that the new source would cause a radical shake-up in the precious stones market.

‘The resources of super-hard diamonds contained in rocks of the Popigai crypto-explosion structure are by a factor of ten bigger than the world’s all known reserves,’ he said.  ‘We are speaking about trillions of carats. By comparison, present-day known reserves in Yakutia (a Russian mine) are estimated at one billion carats.’

The stones at Popigai are known as ‘impact diamonds’ which result when an object like a meteor strikes an existing diamond deposit. They are also unique, which will make them even more sought-after in high-precision scientific and industrial markets.

Source: Daily Mail
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